Updated requirements will take effect in the first quarter of 2019.
As longer-term interest rates continue to rise, the rating agency expects to see revenue generated from mortgage banking to decline
Targets show the bank’s commitment to fintech
The proposed regime is similar to the one that was adopted for the major Canadian banks
Executives outline bank’s short-term goals at investor day event
Increase follows Bank of Canada decision
Industry expansion will require more extensive financial services
Revisions designed to address key weaknesses exposed by the financial crisis
Current system protects banks, consumer advocates say
Immature technology poses challenges for future applicability in the banking sector